Shafter Credit Repair and Debt Negotiation

Your credit report contains data about where you live, how you pay your bills, and if you’ve been sued or arrested, or have gone into for bankruptcy. Credit reporting agencies sell the information in your report to creditors, insurers, employers, and other organizations that use it to evaluate your applications for credit, insurance, employment, or renting a house. The federal Fair Credit Reporting Act (FCRA) promotes the accuracy and privacy of information in the files of the nation’s credit reporting companies.

Some financial advisors and consumer groups say that you should look at your credit report periodically. Why?

Because the information it contains affects whether you can get a loan — and how much you will have to pay to borrow money.

To make sure the data is correct, complete, and up-to-date before you apply for a loan for a large purchase like a home or car, buy insurance, or apply for a job.

To help protect against identity theft. That’s when someone uses your personal information — like your name, your Social Security number, or your credit card number — to commit fraud. Identity thieves may use your information to open a new credit card account in your name. Then, when they don’t pay the bills, the delinquent account is reported on your credit report. Inaccurate data like that can affect your ability to get credit, insurance, or even a job.

Debt Settlement and Negotiation, Shafter

The process of debt settlement is not something the untrained person should try to undertake. There are a lot of different variables involved and a person not familiar with all of them could end up costing themselves a lot of money.

Debt settlement and negotiation, when properly done, can greatly reduce the amount of money owed, the interest rate being charged, or many times both. Also, many creditors will submit a positive entry into your credit report once the terms of the debt settlement or negotiation are completed.

Again, and this is important, debt settlement and negotiation is best left to the trained professionals. Even if you are given a debt settlement directly by a creditor, one that seems to be be very good, there is a very good probability that the creditor would actually be willing to negotiate an even better settlement.

Don’t take chances with your credit report! Call the professional credit experts at The Hoats Law Group today for a complimentary consultation.